Part 5/8:
A significant setback in Australia’s renewable energy ambitions involves the offshore wind sector. The offshore wind developer Blue Flow announced it would abandon plans for one of Victoria’s most advanced offshore projects after failing to find a buyer. This development reflects a broader pattern: numerous renewable projects, including onshore and offshore wind, have been delayed, canceled, or put on hold in recent months. The cancellation of this project, and the failure to attract bidders during its sale process, highlight the difficulties facing the offshore wind industry—not only in Australia but globally.